APOGEE ENTERPRISES, INC.
For the period ended May 31, 2025. Filed Jul 2, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 31, 2025 · Filed Jul 2, 2025
APOG$48.05+5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| (In thousands) | May 31, 2025 | June 1, 2024 |
| Operating Activities | ||
| Net (loss) earnings | $(2,688) | $31,011 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Depreciation and amortization | 12,436 | 9,976 |
| Share-based compensation | 2,300 | 2,704 |
| Deferred income taxes | 2,496 | 3,466 |
| Loss on disposal of property, plant and equipment | 328 | 22 |
| Impairment on intangible assets | 7,418 | — |
| Non-cash lease expense | 3,738 | 2,895 |
| Other, net | 1,294 | (925) |
| Changes in operating assets and liabilities: | ||
| Receivables | (3,938) | (9,845) |
| Inventories | (11,255) | (11,337) |
| Contract assets | 2,596 | 5,511 |
| Accounts payable | 1,103 | (1,871) |
| Accrued compensation and benefits | (16,639) | (24,850) |
| Contract liabilities | 8,104 | 1,648 |
| Operating lease liability | (3,643) | (3,007) |
| Accrued income taxes | 1,698 | 6,535 |
| Other current assets and liabilities | (25,130) | (6,480) |
| Net cash (used in) provided by operating activities | (19,782) | 5,453 |
| Investing Activities | ||
| Capital expenditures | (7,167) | (7,229) |
| Proceeds from sales of property, plant and equipment | 10 | 40 |
| Purchases of marketable securities | — | (740) |
| Sales/maturities of marketable securities | 175 | 600 |
| Net cash used in investing activities | (6,982) | (7,329) |
| Financing Activities | ||
| Proceeds from revolving credit facilities | 59,000 | 30,000 |
| Repayment on revolving credit facilities | (33,000) | (15,000) |
| Repurchase of common stock | — | (15,061) |
| Dividends paid | (5,520) | — |
| Other, net | (2,835) | (4,865) |
| Net cash provided by (used in) financing activities | 17,645 | (4,926) |
| Effect of exchange rates on cash | 502 | (51) |
| Decrease in cash, cash equivalents and restricted cash | (8,617) | (6,853) |
| Cash, cash equivalents and restricted cash at beginning of period | 41,448 | 37,216 |
| Cash and cash equivalents at end of period | $32,831 | $30,363 |
| Non-cash Activity | ||
| Capital expenditures in accounts payable | $922 | $472 |
| Dividends declared but not yet paid | $— | $5,409 |
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